# Marco Polo International and Global Plastics merge to form MGI International; ITOCHU acquires minority stake

Marco Polo International and Global Plastics merged to form MGI International, a new holding company. ITOCHU International Inc. acquired a significant minority stake in MGI International. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2019-02-27
- Where: United States
- Status: completed
- Products: plastic resin distribution
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Marco Polo International](https://endata.com/companies/37643.md) (target)
- [Global Plastics](https://endata.com/companies/37644.md) (target)
- [MGI International](https://endata.com/companies/37645.md) (acquirer)
- [ITOCHU International Inc.](https://endata.com/companies/37646.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/marco-polo-international-global-plastics-lp-and-itochu-international-form-mgi-international-300803477.html), 2019-02-27: "Marco Polo International and Global Plastics will continue to sell and operate under separate brands."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.